v3.25.2
Segments (Tables)
 6 Months Ended
Jun. 30, 2025
Segments [Abstract]  
Summary of Significant Expense Categories and Asset Categories
The table below summarizes the significant expense categories regularly reviewed by the CODM for the six month periods ended June 30, 2025 and 2024 (in thousands).
 
                 
    Six Months Ended
June 30, 		 
    2025     2024  
    (in thousands)  
Operating expenses:
           
Research and development
  $ 9,746     $ 17,867  
General and administrative
    2,776       3,072  
Total operating expenses
    12,522       20,939  
Total operating loss
    (12,522 )      (20,939 ) 
Other income (expense):
               
Interest income
    62       160  
Interest expense
    (3,570 )      (2,321 ) 
Change in fair value of derivatives
    (1,122 )      (760 ) 
Total other expense
    (4,630 )      (2,921 ) 
Net loss
  $ (17,152 )    $ (23,860 ) 
Preferred stock dividends
    (37 )     (72 ) 
Net loss applicable to common stockholders
  $ (17,180 )    $ (23,932 ) 
The table below summarizes the significant asset categories regularly reviewed by the CODM as of June 30, 2025 and December 31, 2024 (in thousands).
              
  June 30,
2025 		  December 31,
2024
  (in thousands)
Cash and cash equivalents
 $ 13,771    $ 15,120